Short Interest in JPMorgan U.S. Tech Leaders ETF (NASDAQ:JTEK) Decreases By 75.9%

JPMorgan U.S. Tech Leaders ETF (NASDAQ:JTEK) was the target of a significant decline in short interest during the month of March. As of March 31st, there was short interest totalling 9,900 shares, a decline of 75.9% from the March 15th total of 41,000 shares. Based on an average daily volume of 275,900 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.1% of the company’s stock are short sold.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Comerica Bank purchased a new stake in shares of JPMorgan U.S. Tech Leaders ETF during the fourth quarter worth about $38,000. Briaud Financial Planning Inc purchased a new position in shares of JPMorgan U.S. Tech Leaders ETF in the 4th quarter valued at approximately $57,000. Bank of America Corp DE boosted its stake in JPMorgan U.S. Tech Leaders ETF by 1,810.5% in the 4th quarter. Bank of America Corp DE now owns 1,089 shares of the company’s stock worth $82,000 after purchasing an additional 1,032 shares in the last quarter. Wagner Wealth Management LLC grew its position in JPMorgan U.S. Tech Leaders ETF by 22.0% during the 4th quarter. Wagner Wealth Management LLC now owns 2,264 shares of the company’s stock worth $171,000 after purchasing an additional 409 shares during the last quarter. Finally, Mascagni Wealth Management Inc. acquired a new position in JPMorgan U.S. Tech Leaders ETF during the 4th quarter valued at approximately $180,000.

JPMorgan U.S. Tech Leaders ETF Trading Up 0.7 %

Shares of JTEK stock opened at $64.56 on Tuesday. JPMorgan U.S. Tech Leaders ETF has a 12-month low of $55.66 and a 12-month high of $85.28. The business’s fifty day simple moving average is $72.67 and its 200-day simple moving average is $74.55. The company has a market cap of $1.27 billion, a PE ratio of 32.53 and a beta of 1.82.

JPMorgan U.S. Tech Leaders ETF Company Profile

The JPMorgan U.S. Tech Leaders ETF JPMorgan U.S. Tech Leaders ETF (JTEK) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund is an actively managed fund that identifies US equities that are perceived as leaders in technology and technology-enabled industries such as engineering & construction, entertainment, biotechnology, pharmaceuticals, REITs, and energy-alternate sources.